Multiple FanDuel Racing accounts took advantage of a glitch that allowed them to place wagers at a fraction of the actual cost, resulting in historic amounts of money being handled by the system.
In a surprising turn of events, a glitch in the FanDuel Racing system enabled several users to exploit the betting pools and place wagers at significantly reduced costs. The glitch, which lasted for several hours on Wednesday afternoon, resulted in a surge of activity in various super-exotic wagering pools across different racetracks. While the exact extent of the exploitation is still unknown, it is clear that the glitch affected more than just the pools that attracted substantial amounts of money. This article will delve into the details of the glitch, the impact it had on the betting pools, and the response from FanDuel Racing.
Exploiting the Glitch:
During the glitch, FanDuel Racing account holders discovered that they could place wagers for only the base cost of the bet, rather than the total cost. One user, who wishes to remain anonymous, shared information and screenshots of their betting process, revealing that they were able to wheel the entire field for just a fraction of the actual cost. For example, a dime superfecta bet in a seven-horse field, which should have cost $84, was debited as only 10 cents. The glitch only affected the FanDuel Racing platform and not its subsidiary, TVG.
Interestingly, users who attempted to place wagers with a total cost exceeding their account balance were unable to do so. This suggests that FanDuel Racing recognized the total cost of the bet but still debited only the base cost. The widespread nature of the exploitation indicates that it is impossible to determine the full extent of the affected bet types. However, racetracks such as Mahoning Valley Race Course, Churchill Downs, Finger Lakes, the Meadows, and Monticello Raceway were among those that experienced a significant increase in handle during the glitch.
Impact on Betting Pools:
The glitch had a profound impact on the betting pools, with several pools handling historic amounts of money. Churchill Downs, for instance, saw a staggering $751,000 bet on the race 4 Super High 5, compared to $967,598 on the same bet type for this year’s Kentucky Derby. The track had previously handled only $424,426 on the Super High 5 during its fall meeting. Similarly, Monticello Raceway and The Meadows witnessed three superfectas each, totaling over $900,000, while Finger Lakes had a $359,297 superfecta pool.
FanDuel Racing’s Response:
Upon identifying the technical issues and potential fraud related to the wagering pools, FanDuel Racing took immediate action to halt wagering via its platform. The glitch has since been resolved, and wagering has resumed. The company has committed to conducting a thorough review of the matter and will cooperate with regulatory authorities. FanDuel Racing had initially sought to reprice each of the affected pools, but the host tracks did not take that action. Meetings have been scheduled to address the concerns raised by the glitch.
Conclusion:
The glitch in FanDuel Racing’s system allowed multiple users to exploit the betting pools and place wagers at a fraction of the actual cost. This resulted in historic amounts of money being handled by the system, with several racetracks experiencing a surge in handle. While the exact impact of the glitch is still being assessed, it has raised concerns about the integrity of the platform and the need for robust measures to prevent such incidents in the future. FanDuel Racing’s prompt response and commitment to cooperating with regulatory authorities demonstrate their dedication to resolving the issue and ensuring fair and secure wagering for all users.
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